Trade-Ideas LLC identified

Coca-Cola

(

CCE

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Coca-Cola as such a stock due to the following factors:

  • CCE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $137.6 million.
  • CCE has traded 61,290 shares today.
  • CCE is trading at a new lifetime high.

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More details on CCE:

Coca-Cola Enterprises, Inc. produces, distributes, and markets non-alcoholic beverages in Belgium, continental France, the Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden. The stock currently has a dividend yield of 2.3%. CCE has a PE ratio of 2. Currently there are 2 analysts that rate Coca-Cola a buy, 1 analyst rates it a sell, and 9 rate it a hold.

The average volume for Coca-Cola has been 1.9 million shares per day over the past 30 days. Coca-Cola has a market cap of $11.8 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 1.05 and a short float of 1.9% with 1.67 days to cover. Shares are up 7% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Coca-Cola as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:

  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Beverages industry. The net income increased by 39.3% when compared to the same quarter one year prior, rising from $112.00 million to $156.00 million.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Beverages industry and the overall market, COCA-COLA ENTERPRISES INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • 40.86% is the gross profit margin for COCA-COLA ENTERPRISES INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 9.57% trails the industry average.
  • COCA-COLA ENTERPRISES INC has improved earnings per share by 45.6% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, COCA-COLA ENTERPRISES INC reported lower earnings of $2.54 versus $2.64 in the prior year. This year, the market expects an improvement in earnings ($2.69 versus $2.54).

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